Treasury Targets Iran-Venezuela Weapons Trade

Sanctioned Company Linked to Sale of Millions of Dollars’ Worth of Combat Drones to Venezuela WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting 10 individuals and entities based in Venezuela and Iran, including a Venezuelan company that has contributed to Iran’s unmanned aerial vehicle (UAV) trade with Venezuela. “Treasury is holding Iran and Venezuela accountable for their aggressive and reckless proliferation of deadly weapons around the world,” said Treasury Under Secretary for Terrorism and Financial Intelligence John K. Hurley. “We will continue to take swift action to deprive those who enable Iran’s military-industrial complex access to the U.S. financial system.” This action builds on Treasury’s nonproliferation designations in October and November in support of the September 27, 2025 reimposition of United Nations sanctions and other restrictions on Iran. Iran’s UAV and missile programs threaten U.S.